Josh is looking to buy a second hand car. Josh is risk averse. The cars all sell for $3,500 but there is an 6 percent chance that the car will be worth $1,000, a 53 percent chance it will be worth $3,000 or a 41 percent chance that the car is worth an unknown amount. What must the unknown value be if the expected value is to equal $3,500? Give your answer to the nearest whole dollar (with no decimal points, spaces, $ signs, or commas in your answer).

A car that originally cost $4,053 in 1955 is valued today at $66,000 if in excellent condition. Which is 234234 times as much as a car in very nice condition—if you can find an owner willing to part with one for any price.What would be the value of the car in very nice condition?Note: Do not round intermediate calculations.

Justin is playing a game of chance in which he rolls a number cube with sides numbered from 1 to 6. The number cube is fair, so a side is rolled at random.This game is this: Justin rolls the number cube once. He wins $1 if a 1 is rolled, $2 if a 2 is rolled, $3 if a 3 is rolled, and $4 if a 4 is rolled. He loses $6.50 if a 5 or 6 is rolled.(If necessary, consult a list of formulas.)(a) Find the expected value of playing the game.dollars(b) What can Justin expect in the long run, after playing the game many times?Justin can expect to gain money.Hecanexpecttowindollarsperroll.Justin can expect to lose money.Hecanexpecttolosedollarsperroll.Justin can expect to break even (neither gain nor lose money).

At a raffle, 1500 tickets are sold at $2.00 each for four prizes of $500, $250, $150, and $75. You buy one ticket. What is the expected value of your gain?X $498 $248 $148 $73 -$2P(X) 1/1500 1/1500 1/1500 1/1500 1496/1500Group of answer choices$193$1.35-$193-$1.35

A vehicle dealer bought 5 second hand SUV’s for Rs. 18,00,000. He spent Rs. 2,00,000 additional on the maintenance and repairing of these 5 SUV’s. He sold one of the SUV for Rs. 5,00,000. What should be the average selling price of rest of the four SUV’s, if he makes 35% profit on the whole transaction?a.525000b.500000c.512000d.550000

Jose has a deck of 10 cards numbered 1 through 10. He is playing a game of chance.This game is this: Jose chooses one card from the deck at random. He wins an amount of money equal to the value of the card if an even numbered card is drawn. He loses $6 if an odd numbered card is drawn.(a) Find the expected value of playing the game.dollars(b) What can Jose expect in the long run, after playing the game many times?(He replaces the card in the deck each time.)Jose can expect to gain money.Hecanexpecttowindollarsperdraw.Jose can expect to lose money.Hecanexpecttolosedollarsperdraw.Jose can expect to break even (neither gain nor lose money).